Biden to tout $6 billion deal with semiconductor manufacturer Micron during Syracuse trip
- Micron Technology is set to receive $6.1 billion in federal grants to build semiconductor plants in New York and Idaho, marking a significant private investment in both states.
- This funding aims to revive advanced chip manufacturing in the US after two decades and is part of the CHIPS and Science Act passed in 2022 to enhance domestic semiconductor production.
- President Joe Biden endorsed the deal during his visit to Syracuse, New York, emphasizing the importance of bringing chip manufacturing back to America.
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Leaning Left2Leaning Right1Center10Last Updated10 days agoBias Distribution77% Center